10 Largest Budget Functions
Here are the top ten spending categories for the federal budget.| Peterson Foundation
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Here are the top ten spending categories for the federal budget.| Peterson Foundation
CBO’s latest projections come at a key time, as lawmakers will be faced with a range of critical fiscal decision points in the coming year. Here are seven takeaways from the report.| Peterson Foundation
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.| Peterson Foundation
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.| Peterson Foundation
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A well-designed benefit reduction policy would improve the equitability by better balancing the payouts between low- and high-income earners, say proponents.| Peterson Foundation
What is the total national debt? What is the debt per person? See the latest numbers and learn more about the causes of our high and rising debt.| Peterson Foundation
America's fiscal challenges are serious, but they can be solved. We work to build support for solutions to put America on a sustainable fiscal path.| Peterson Foundation
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Interest costs are on track to become the largest category of spending in the federal budget.| Peterson Foundation
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“Unfortunately, the Senate reconciliation bill would add trillions of dollars in red ink to our already unsustainable national debt."| Peterson Foundation
America’s fiscal health and economic strength are closely linked. Learn more about the drivers of our national debt and its economic impact.| Peterson Foundation
The CTC is designed to make raising children more affordable by easing the financial burden faced by families.| Peterson Foundation
The TCJA lowered taxes for millions of households and made filing simpler for many — all while making the country’s fiscal outlook worse.| Peterson Foundation
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The bill would increase debt by $3.0 trillion over the next 10 years, driving it from nearly 100 percent of GDP now to 124 percent of GDP by 2034.| Peterson Foundation
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"Voters understand that the Moody’s downgrade is not a good sign, and adding more trillions to our national debt with new legislation would only take things in the wrong direction," said Michael A. Peterson.| Peterson Foundation
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Republicans in Congress are considering several new tax cuts that would reduce federal revenues by trillions of dollars over the next decade.| Peterson Foundation
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High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.| Peterson Foundation
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